As we all know, mortgage rates have been falling consistently for some time now. This has left many people with expensive loan obligations that they can no longer afford.
Many struggling borrowers choose to stay in their homes rather than face financial ruin. However, this is only a temporary solution as most homeowners will need to refinance or even sell their home at some point!
If you are thinking about buying a house, now is not the best time to do so. Borrowers who were planning on purchasing a home soon should consider waiting until the costs of a home are more reasonable.
This article will talk about why rising mortgage rates are a bad thing and what you can do to prevent yourself from investing too much money in real estate. We will also look at some ways to reduce your monthly housing expenses.
Avoid interest-only mortgages

As we have seen, rising mortgage rates are causing some headaches for home buyers. They make paying off your house more expensive!
That is why it c ...